the Editors of Commercial Property Executive
Robertson Properties Group’s Mixed-Use Development Under Review
The Honolulu Department of Planning and Permitting is currently reviewing Robertson Properties Group’s plans for a $767 million, 1,500-home mixed-use project in Aiea.
Called “Live, Work, Play Aiea,” the project will be developed on the site of the former Kamehameha Drive-in property across from Pearlridge Center. It will also include about 143,000 square feet of retail and restaurant space, and as much as 80,000 square feet of office space.
Economy Watch: Healthy Job Creation in February; Mortgage Delinquencies Continue Downward; Household Net Worth Up in 4Q
The U.S. economy created 236,000 jobs in February, much better than January. According to LPS, 7.03 percent of U.S. mortgages were delinquent in January, down from 7.17 percent in December. And U.S. household net worth at the end of fourth quarter 2012 was about $66 trillion, up about 1.6 percent from the end of the third quarter.
2013 Most Powerful REITs
REITs have grown increasingly competitive and powerful because of their strong management and ability to raise alsmost limitless capital. This list examines the most active REITs of 2013.
Podcast — REIT Trends for 2013
Jack Kern and Mike Ratliff take a detailed look at the REIT industry and what 2013 will look like when it comes to investment, M&As and development activity.
Top Women in Real Estate: Advice to Rising Stars
While the commercial real estate industry has grown more diverse, the number of women in executive positions remains small. This year, CPE identified 25 success stories. These women—consummate businesswomen, dealmakers and innovators for their companies and the industry—offered some valuable words of wisdom for both women and men striving to follow in their footsteps.
Economy Watch: Existing Home Sales, Initial Claims Up; Delinquency, Foreclosure Rates, Wall Street Down; CPI Flat
Existing U.S. home sales increased 0.4 percent in January. The delinquency rate for mortgage loans on one-to-four-unit residential properties fell to 7.09 percent. And initial unemployment claims are up, while Wall Street is down, and the Consumer Price Index is unchanged.
Economy Watch: Housing Starts Drop; FOMC More Optimistic, but Not Enough to Slow QE3 ; PPI Up
Housing starts took a dip in January, mainly due to multi-family starts. The Fed is more optimistic about the economy than during recent months; nevertheless, QE3 will still continue, with possibly modulated assets. And the Producer Price Index gained 0.2 percent month over month.
NYC Commercial Sales Volume Peaks in 2012
The NYC commercial sales volume and number of transactions reached a new high in 2012. In comparison to last year, 2012 saw an overall increase in sales volume of 4 percent. This was mostly due to the surge registered in the last quarter of the year, when the numbers show that the commercial sales volume shot up by 73 percent from the previous quarter. The $11.1 billion recorded in the fourth quarter of 2012 was the highest quarterly value registered in the last five years. PropertyShark, a division of Yardi Systems Inc. This five-year high is also supported by the number of…
Big Boxes Changing Warehouse Industrial Market
A new report by Jones Lang LaSalle shows that consumer delivery demands are reshaping the big box warehouse market, those exceeding 250,000 square feet.
Economy Watch: Bad News, Good News from Eurozone; Prices on Foreclosed Homes Down
The eurozone GDP dropped during 4Q12. On a positive note, Cyprus’ potential new president is in favor of finalizing the rescue package and keeping the country in the euro zone. And foreclosure prices have bottomed out in recent months and the U.S. residential foreclosures have stabilized while underlying home values are rising.